Techmeme
May 22, 2024, 7:15 PM

Top News

Kif Leswing / CNBC:
Nvidia reports Q1 revenue up 262% YoY to $26.04B, vs. $24.65B est., forecasts Q2 revenue above estimates, and announces a 10-for-1 stock split  —  Nvidia shares topped $1,000 for the first time in extended trading on Wednesday after the chipmaker reported fiscal first-quarter results that topped analyst estimates.
André Beganski / Decrypt:
The US House passes the Financial Innovation and Technology for the 21st Century Act, or FIT21, which would create a regulatory framework for digital assets  —  Dubbed the Financial Innovation and Technology for the 21st Century Act, or FIT21, the measure was approved by the House of Representatives with a 279-136 vote.
Wall Street Journal:
News Corp and OpenAI announce a multiyear agreement to bring News Corp's news content to OpenAI; sources: the deal could be worth $250M over five years  —  Agreement could generate over $250 million over five years for News Corp in cash and credits  —  Wall Street Journal owner News Corp struck …
Kurt Wagner / Bloomberg:
Zuckerberg creates the Meta Advisory Group with Patrick Collison, Nat Friedman, Tobi Lütke, and Charlie Songhurst, to advise on tech and growth opportunities  —  - Stripe's Collison, Shopify's Lütke among new advisers  — Group to guide Meta on tech, strategic growth opportunities
David Shepardson / Reuters:
US FCC Chairwoman Jessica Rosenworcel proposes requiring the disclosure of content generated by AI in political ads on radio and TV, citing the use of deepfakes  —  U.S. Federal Communications Commission Chairwoman Jessica Rosenworcel on Wednesday proposed requiring disclosure of content generated …
Kate Rooney / CNBC:
Sources: Amazon plans to launch a more conversational Alexa with generative AI features later in 2024, and charge a monthly subscription to offset the cost  —  WATCH NOW  —  Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge …
Isabelle Bousquette / Wall Street Journal:
Cologne-based AI translation startup DeepL, which develops its own models, raised $300M led by Index Ventures at a $2B valuation and reports 100K+ customers  —  The round, led by Index Ventures, reflects businesses' increasing interest in function-specific AI models
Aisha Malik / TechCrunch:
TikTok launches its Symphony AI suite for brands, using generative AI to let marketers write scripts, produce videos, and enhance current assets  —  TikTok is the latest tech company to incorporate generative AI into its ads business, as the company announced on Tuesday that it's launching a new “TikTok Symphony” AI suite for brands.
Austin Weinstein / Bloomberg:
Intercontinental Exchange, which owns the NYSE, agreed to pay $10M to settle SEC allegations that it failed to immediately tell the agency about a hack in 2021  —  The SEC said that in April 2021 ICE learned that its virtual private network had been hacked by a “threat actor.”
Emma Roth / The Verge:
Bluesky now lets users send DMs and says it's working on adding support for messages with images and end-to-end encryption  —  Bluesky will now let you send a direct message to other users.  For now, you can only send messages containing text, but Bluesky is working on adding support for images and videos.
Imran Rahman-Jones / BBC:
The UK ICO is “making enquiries with Microsoft” over the company's Recall feature, which some privacy campaigners have called a potential “privacy nightmare”  —  The UK data watchdog says it is “making enquiries with Microsoft” over a new feature that can take screenshots of your laptop every few seconds.
Dominic-Madori Davis / TechCrunch:
Techstars CEO Maëlle Gavet says she is leaving at the end of May for health reasons; Techstars co-founder and board chairman David Cohen will become the new CEO  —  Techstars CEO Maëlle Gavet announced on LinkedIn that she is leaving the company at the end of the month for health reasons.
Bloomberg:
Sources: Humane is seeking a buyer for its business, after the rocky launch of its Ai Pin; a source says the startup, founded in 2018, is seeking $750M to $1B  —  - Humane's AI pin was billed as an alternative to smartphones  — AI hardware product received poor reviews after its launch

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